SAP Introduction

• SAP is an ERP Software where SAP stands for Systems, Applications and Products in data processing. 
• SAP was developed by German software company SAP AG in 1972 and the initial version was called SAP R/1. 
• In 1979, SAP launched SAP R/2 and in 1981, 
• New version called SAP R/3 was launched.

Advantages:

• Integration
• Efficiency
• Cost reduction
• Less personnel
• Accuracy

Disadvantages:    

• Expensive
• Not very flexible  

SAP's solution includes a number of functional modules, which support transactions to execute key business processes, such as:

• Financial Accounting (FI)
  • General Ledger (FI-GL)
  • Accounts Payable (FI-AP)
  • Accounts Receivable (FI-AR)
  • Bank Accounting (FI-BL)
  • Asset Accounting (FI-AA)
  • Funds Management (FI-FM)
  • Travel Management (FI-TV)
  • Special Purpose Ledger (FI-SL) (I am not sure this is really considered a module anymore)

   
• Financial Supply Chain Management (FSCM)
  • Credit Management
  • Cash and Liquidity Management
  • Collections Management
  • Dispute Management
  • Treasury and Risk Management

   
• Controlling (CO)
• Materials Management (MM)
• Sales and Distribution (SD)
• Logistics Execution (LE)
• Production Planning (PP)
• Quality Management (QM)
• Plant Maintenance (PM)
• Project System (PS)
• Human Resources (HR)